Question : Which of the following statements are true?

Statement 1- Gifts and grants are received during flood or natural crisis.

Statement 2- Forfeitures are rewards to public.

Option 1: Both are true .

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 2 is true and statement 1 is false.

Question

Question : Which of the following statements are true?

Statement 1- Gifts and grants are received during flood or natural crisis.

Statement 2- Forfeitures are rewards to public.

Option 1: Both are true .

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 2 is true and statement 1 is false.

Team Careers360 · Accepted Answer

Correct Answer: Statement 1 is true and statement 2 is false.

Solution : Gifts and grants are received during flood or natural crisis.
Forfeitures are penalties imposed by the court.
Hence option C is correct.

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Question : Which of the following statement are true?

Grants received from World Bank is the revenue receipt.

Sale of public sector undertaking is a capital receipt.

Question : Which of the following statements are true?

Statement 1- Gifts and grants are unilateral in nature

Statement 2- Escheats involves the claim of the. government on the property of a person who dies without leaving behind any will or heir.

Question : Which of the following statements are true?

Statement 1- Small savings are treated as revenue receipts.

Statement 2- Disinvestment is a part of the revenue expenditure

Question : Which of the following statement is correct?
Statement 1- Global warming is caused by high level of chlorine and bromine compounds in the stratosphere.
Statement 2- Extract of many resources is a reason of environmental crisis.

Question : Statement 1: Inadequate transmission and distribution infrastructure leads to power losses during electricity transmission.

Statement 2: Transmission losses occur due to resistance in power lines and inefficient distribution networks.